Four properties that were once occupied by Hudson’s Bay department stores have found buyers, as revealed in court documents filed this week. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have identified interested parties for their locations in downtown Calgary, Ottawa, Vancouver, and at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. is interested in the 8th Avenue location in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street, and Onni Development Capital Corp. has set its sights on the former store on Granville Street in Vancouver. Additionally, Circle Retail Properties LP has expressed interest in acquiring the Devonshire Mall site on Howard Street.
The receiver appointed to oversee the joint venture between Hudson’s Bay Company (HBC) and RioCan is planning to seek court approval for the sale of the Ottawa property and will soon request permission for the other transactions. While the court filings do not disclose the purchase prices or the future plans for the properties by the buyers, they coincide with Brookfield Properties and Larco Investments seeking approval from the City of Toronto to convert the upper floors of a former HBC location on Bloor Street East into a self-storage facility. HBC had closed its operations at that site years prior to filing for creditor protection in March 2025.